Bralirwa profits fall as beer consumption declines
A worker at Bralirwa soft drink plant. The company’s profit and total comprehensive income for 2016 declined by 80.3 per cent, from $ 8.5 billion to $1.$1.7 million. PHOTO| FILE NATION MEDIA GROUP
Rwandan-listed brewer Bralirwa has once again recorded depressed profit margins, blamed on the slump in beer and soft drinks consumption, increased competition, high input and debt costs.
According to the firm’s latest results, in 2016, its revenues declined by 7 per cent, from Rwf13 billion ($15.7 million) to Rwf12.1 billion ($14.6 million).
